ADES scores 10-year jackup rig extension deal worth $351m

Oil and gas driller ADES Holding has picked up a long-term contract extension with Saudi Aramco for one of its jackup rigs. The listed operator of 49 offshore assets, including jackup rigs, barges, and mobile offshore production units, has fixed the 1980-built rig Admarine 657 for 10 years in a deal worth $351m. The extension …

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